单季营收破2000亿元AI驱动工业富联业绩创新高

Core Insights - Industrial Fulian reported a strong performance in the first half of 2025, with revenue reaching 360.76 billion yuan, a year-on-year increase of 35.6%, and a net profit of 12.11 billion yuan, up 38.6%, both hitting historical highs for the period [2] - In Q2 2025, the company achieved revenue exceeding 200 billion yuan for the first time, totaling 200.34 billion yuan, a 35.9% increase year-on-year, with net profit rising to 6.88 billion yuan, up 51.1% [2] - The global tech industry is rapidly restructuring due to the AI wave, significantly boosting Industrial Fulian's core business and leading to a simultaneous increase in order scale and value [2] Cloud Computing Business - Major global cloud service providers continue to expand capital expenditures on AI infrastructure, with sustained high demand for AI computing power [2] - In Q2, overall server revenue for Industrial Fulian grew by over 50%, with revenue from cloud service provider servers increasing by over 150%, and AI server revenue rising by over 60% year-on-year [2] GB200 Series Products - The GB200 series products have entered mass production, with improving yield rates and increasing shipment volumes quarter by quarter [2] - The company is collaborating with clients to advance the design and development of next-generation products, maintaining a leading position in industry chain coverage and delivery capabilities [2] Communication and Mobile Network Equipment - In the first half of 2025, Industrial Fulian's global data center network architecture is evolving towards higher bandwidth and lower latency to meet the growing performance demands of AI model training and inference [3] - The deployment of AI accelerator clusters has seen significant growth, with revenue from 800G high-speed switches nearly tripling compared to the entire year of 2024 [3] - The demand for high-end mobile devices has structurally recovered, benefiting the company's precision components business, which saw a 17% year-on-year increase in shipment volume due to the popularity of specific models [3]